Self-employed people don't hire employees, but do it themselves. Can they not buy social security?

What is the difference between self-employed individuals and companies paying social security?

There must be a difference. But not too big.

Well, the minimum payment period of endowment insurance is 180 months, which is 15 years. You can give more, and then you can get more. At the same time, the pension insurance can accumulate payment years, that is, intermittent payment is allowed. Medical insurance needs at least 25/30 years. When you reach retirement age, you can apply for pension benefits and medical reimbursement (as long as the fee is renewed, it is also possible at ordinary times).

The current retirement age is 60 for men and 55 for women. Of course, under special circumstances such as engaging in high-risk work and losing the ability to work, you can apply for early retirement and receive pension benefits.

Retirement, there is such a formula to calculate pension: the sum of social wage *20%+ personal account *1120, which is obviously directly related to social wage and the amount paid by individuals. According to the time period and grade of payment, it is generally around the local minimum living standard.

Besides, after all, China is a populous country. The purpose of social security is to solve the problems of old-age care and medical care in the future and embody the principle of socialist homogenization, rather than widening the gap and creating contradictions. So, even if you pay more, you set an upper limit.

If you want to improve the quality of old-age care, I suggest you buy some commercial insurance as a supplement according to your actual economic situation on the basis of social security.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.